Corporate Action: Take Up oOh media's AUD 4.60 Retail Entitlement Offer Before July 11, 2018
We recommend eligible shareholders subscribe to oOh media's non-renounceable 1.0-for-2.3 shares retail entitlement offer at the fixed price of AUD 4.60 per share. The closing date is July 11, 2018. The offer price is 4% below the current stock price and 7% below our AUD 4.95 fair value estimate. Our intrinsic assessment already incorporates the total AUD 330 million capital raising to help fund oOh media's AUD 570 million purchase Adshel.In an ideal world, our view of the Adshel acquisition wou...
oOh!media Limited is engaged in providing a range of Out Of Home advertising solution for customers in Australia and New Zealand. Co. operates in four segments namely road, which provides large format roadside billboards; retail, which provides signs in shopping centers; fly, which provides coverage across all domestic airport terminals in Australia, and also provides media to Qantas Lounge, and integrated Wi-Fi site network; and place, which operates in cafes, bars, universities and indoor social sports centers, and also operates Websites. Co. also provides complementary services, such as campaign production, campaign management, creative and digital services, and experiential advertising.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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